- Secure Waste’s revenue for the first quarter is C$2.70 billion, surpassing expectations despite a 5.3% decline compared to the previous year.
- The company reported an adjusted EBITDA of C$121 million for the quarter.
- Capital expenditures for the quarter totaled C$29 million.
- For the year, Secure Waste forecasts an adjusted EBITDA between C$510 million and C$540 million, in line with previous guidance and slightly higher than the analyst estimate of C$517.1 million.
- Following the earnings update, Secure Waste’s shares rose by 3.5% to C$13.62, with 257,858 shares changing hands.
- Analyst recommendations include 6 buys and 2 holds, with no sell ratings on the stock.
Secure Energy Services on Smartkarma
Analysts on Smartkarma, such as those from Yet Another Value Podcast, are providing valuable insights on companies like Secure Energy Services (SES). One recent analysis by Ave Maria Focused Fund’s Chadd Garcia discussed how SES, initially thought to be waste-focused, is actually a player in the energy services industry. The report delves into SES’s workflow transformation, previous acquisitions, waste management business analysis, financial aspects, and potential risks. Despite challenges like safety concerns and regulatory changes, SES is highlighted for its strong dividend yield, free cash flow yield, and growth potential, making it an attractive investment opportunity.
The research on SES emphasizes the company’s operations in waste management and energy services, with a strategic focus on recurring revenue and pipeline businesses. Analysts point out SES’s growth opportunities through acquisitions, particularly in the metals recycling sector. The overall sentiment, labeled as bullish, reflects optimism regarding SES’s future performance. This comprehensive analysis, sourced from publicly available information and expert opinions, provides investors with valuable insights into Secure Energy Services and its position in the market.
A look at Secure Energy Services Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Secure Energy Services shows a promising long-term outlook, with strong scores in Growth and Momentum. The company received a high score of 5 for Growth, indicating its potential for expanding and increasing its market presence over time. In addition, Secure Energy Services scored a 5 for Momentum, suggesting that it is experiencing positive trends in terms of stock performance and investor sentiment. While the company’s Value and Dividend scores are moderate at 3, its Resilience score of 2 indicates some vulnerability to market fluctuations.
Secure Energy Services Inc. is an energy services company specializing in providing services to upstream oil and natural gas companies in the Western Canadian Sedimentary Basin. The company focuses on treating and selling crude oil, as well as handling by-products related to oil and natural gas development and production. With strong marks in Growth and Momentum, Secure Energy Services seems well-positioned for future expansion and market success, despite facing some challenges in terms of resilience.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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